Agency
A listing agreement that automatically renews unless cancelled is called a(n):
AExclusive authorization agreement
BEvergreen clause listing✓ Correct
COpen listing
DNet listing
Explanation
An 'evergreen' or automatic renewal clause causes a listing to automatically renew at expiration unless either party provides notice of cancellation. In California, the DRE discourages automatic renewal provisions that extend beyond the original term.
Related California Agency Questions
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- In California, which form is used to disclose the agency relationship to buyers and sellers?
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